No More Coal Plants for Poland?

Polish energy companies Enea SA and Energa SA have suspended financing for Ostroleka C, the last coal plant under construction in Poland, citing difficulties obtaining external financing and the changing EU green new deal policy landscape.

While the decision is only a first step towards the needed cancellation of the 1GW plant, it is an important admission that the future for coal in Europe is bleak, and that Poland’s efforts to keep its coal industry on life support risk leaving it with stranded workers and stranded assets.  “The reality that there is no future for old coal, let alone new coal, in Europe is finally dawning on Poland’s energy sector,” said Zala Primc, Europe Beyond Coal campaigner. “It’s been clear for years... ... More: Official Press Release Europe Beyond Coal

Keywords:

Enea, Energa, Poland, coal plant, financing, investment, renwable energy, Europe, energy